Germany services price index (HICP)
Germany services price index (HICP) stood at 100 in 2025, according to Deutsche Bundesbank. It is one of the indicators in the Price indices (annual) table (Value · Annual), with a complete series running from 1997 to 2025. The complete series with an interactive chart, free to download.
This indicator in the Price indices (annual) table
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Overall index | 100 | 97.79 | 95.41 | 89.99 | 82.81 | 80.24 | 79.95 | 78.86 | 77.38 | 76.07 | |
| Services1 | 100 | 96.25 | 92.26 | 88.04 | 85.57 | 83.92 | 82.98 | 81.76 | 80.44 | 79.37 | |
| Actual rental payments made for housing | 100 | 97.94 | 95.89 | 93.99 | 92.45 | 91.26 | 90.01 | 88.69 | 87.29 | 85.86 |
Understanding germany services price index (HICP)
Maps the price evolution of intangible consumer provisions within the harmonised statistical architecture. The services price index maps retail expenditures on everything from haircuts and hospitality to insurance, telecommunications, and public transport. By excluding all physical commodities, groceries, and energy products, this specific category isolates the sector of the domestic economy most heavily influenced by internal labour costs and local wage settlements. It encapsulates a broad spectrum of recurring household commitments and discretionary experiences, providing a pure view of domestic service-sector pricing dynamics.
Monitoring this index provides a vital barometer for domestically generated inflationary pressures. Referenced against an Index 2025=100 anchor, the measurement demonstrates the cumulative change in service costs relative to that baseline. Because services are largely non-tradable and less exposed to immediate global supply chain shocks, this metric generally exhibits a smoother, more persistent upward trajectory than goods-based indices. Economists closely watch this series to detect second-round inflation effects, as structural increases in regional wages typically manifest rapidly in the final consumer prices of labour-intensive service industries.
Frequently asked questions
- Are physical materials used during a service included in the price?
- Yes, if materials are an inseparable part of the service provided, their cost is implicitly captured in the final tariff.
- How responsive is this category to global commodity shocks?
- It is generally insulated from direct global commodity swings, responding instead to domestic wage patterns and local operating costs.
- Does this sub-index cover holiday packages?
- Yes, domestic and international package holidays purchased by resident households are integrated into the broader services calculation.